Powerlooms may get back excise exemption
THE Finance Ministry seems all set to grant full excise duty exemption for powerlooms, thereby, undoing the 2003-04 Union Budget's move to `complete the CENVAT chain' across all segments of the textile industry. Restoration of the earlier ...
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Coking coal crunch shrinks SAIL sales
DESPITE the bullish trend, Steel Authority of India Ltd (SAIL) has suffered a sales drop of 10-15 per cent during the first quarter of 2004-05, due to coking coal shortage. SAIL has also reduced its annual sales target from 12 million tonnes to ...
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Have housing loan rates bottomed out?
IT would appear that housing loan rates have touched their floor. Home loan rates are currently hovering at around 7.5-8 per cent, down from 14 percent in early 2000. The first clue that rates have bottomed out - hardly any rate cut ...
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Banks may offer fresh loans to defaulting farmers
WITH the Government trying to create a human face for reforms and the Ministry for rural industries pushing for more farm-finance, bankers under the aegis of the Indian Banks' Association on Thursday met to draw up a scheme for distressed ...
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